Can I change the label of email "set color"? Currently, the labels are the color names (e.g., the word "red" is used for the red color). I would like to rename the word "red" to "Critical." (I am not trying to change the color.)
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Then I'll have to say no, there is no way to change that feature. However, thinking about it, you can accomplish the same thing by just creating folders/sub-folders with any name you like, say "Important" or "Follow up", then just move or copy emails from the Inbox to the appropriate folder. I can't think of any email program that lets you alter their flagging feature as you describe it.